Property Attributes
- MLS#12053471
- TypeCommercial
- CountyCOOK
- CityCountryside
- AreaCountryside
- Zip60525
- StyleCommercial,Office
- Year Built1983
- Taxes$ 27678
- Price$ 750,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage8000
- Lot Size0.43 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description
Introducing a prime investment opportunity! This recently remodeled 8000 square foot office building boasts a total lot size of 18,825 square feet, making it an exceptional commercial property. Featuring 6,350 square feet of net leasable space, this two-story office building is currently fully leased, with lease renewals in place. First floor commands $5,000 per month, and second floor commands $6,000 per month resulting in a total income of $11,000 per month. Ample parking with 18 spots, ensuring convenience for tenants and visitors. Cap rate at 10.58%! The property's proximity to major highways and expansive shopping malls enhances its appeal to tenants. Conveniently located just minutes away from the historical La Grange and the Metra train station, this property offers easy access to transportation and amenities. With numerous recent updates, this property presents an attractive turnkey opportunity for new owners. The strategic location, strong rental income, and minimal need for additional investment make this a compelling addition to any investment portfolio. Don't miss out on the chance to acquire this income-generating property in a sought-after location. Schedule a showing today and seize this lucrative investment opportunity. Listed at or above appraisal value!
Price History | |
---|---|
5/11/2024 | Listed $750,000 |
General Features
Cooling | Central Air |
---|---|
Possession | Closing |
Roof | Composition |
Zoning | COMMR |
Year Built | 1983 |
Electric | Circuit Breakers |
Tenant Pays | Common Area Maintenance,Electricity,Heat,Janitorial Service,Taxes |
Stories | 2 |
Township | Lyons |
Property SubType | Office |
Tax Year | 2022 |
Current Use | Commercial,Office |
Gross Income | 132000 |
County | Cook |
Net Operating Income | 79377 |
Operating Expense | 52623 |
Property Type | Commercial Sale |
Possible Use | Commercial,Other |
Status | Active |
Directions | Between La Grange Rd and Brainard Ave,on Joliet Rd/Old Rte 66 |
City | Countryside |
NumberOfUnitsTotal | 2 |
MLS Area | Countryside |
Lot Size Square Feet | 18825 |
Street Name | Joliet |
Tax Annual Amount | 27678 |
Additional Parcels Y/N | No |
Leasable Area | 6350 |
Days on Market | 7 |
Standard Status | Active |
Property Type | Office/Tech |
Interior Features
Flooring | Wood |
---|---|
Street Suffix | Road |
Exterior Features
Building Area Total | 8000 |
---|---|
Lot Dimensions | 125X150 |
Lot Size Acres | 0.43 |
Frontage Type | City Street,Other |
Exterior | Shingle Siding,Combination |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool